Which of the Following Is a Condition Implied by the Sale

question 40

Multiple Choice

Which of the following is a condition implied by the Sale of Goods Act?

• A) that the seller has the right to sell the goods
• B) that the goods will correspond to the sample
• C) that the goods are free from liens and encumbrances
• D) that delivery will occur in a reasonable period of time

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Definitions:

Low-Dividend Policy

A strategy where a company distributes a small portion of its earnings in the form of dividends, preferring to reinvest the majority back into the business.

Tax Policy

The laws and regulations governing how taxes are collected and managed by the government, influencing economic behavior and distribution of resources.

Individual Tax Rate

The tax rate applied to an individual's income, which varies depending on income level and filing status, contributing to the progressive taxation system.

Capital Gains

Capital gains are the profit made from the sale of an asset or investment which has increased in value over the holding period.